Various Social Conditions

On May 7 local time, Alexander Dobrindt, the newly appointed German Interior Minister, issued an order to deny entry to undocumented migrants at the German border, including asylum seekers. Dobrindt announced his decision to revoke the 2015 directive that allowed undocumented migrants from third countries to enter Germany, aiming to reduce the number of illegal immigrants, and he stated that the current number of illegal immigrants in Germany remains unacceptably high.

On May 12, Polish Foreign Minister Radoslaw Sikorski stated that Poland will close the Russian consulate in Krakow. The reason behind this decision is Poland's claim that Russia is linked to an arson incident in May 2024. Sikorski posted on social media that Polish authorities have found evidence of "deliberate sabotage" by Russian intelligence agents at the Marywilska Street shopping center in Warsaw. He wrote, "I have decided to withdraw consent for the operation of the Russian consulate in Krakow."

On May 13th, the Israel Defense Forces and the Shin Bet (Israel Security Agency) jointly announced that they had carried out a targeted killing operation against a senior Hamas member. In an air strike on Nasser Hospital in Khan Younis, Hassan Abdul - Fattah Muhammad Aslih, an important Hamas member, was killed. The Israeli military stated that this person had participated in the Hamas attack on Israel on October 7th, 2023, and had long - term engaged in related work by posing as a journalist, planning and carrying out terrorist activities against Israeli military and civilians.

The recent agreement between the US and China to cut trade tariffs is anticipated to lead to a rise in freight rates. This is because businesses from both countries are competing to take advantage of the 90 - day grace period to ship goods across the Pacific. In recent weeks, the rapid escalation of tariffs has caused a significant decline in freight volume. Last month, China's exports to the US decreased by 21%, and imports fell by nearly 14%. Maersk, the container giant, estimated last week that the bilateral trade volume between China and the US in April dropped by 30% to 40%.